The British light iron market was stable over the week to Friday December 4, consolidating a steady run of gains through November ahead of expected increases in domestic delivery settlements for December, trade sources told Fastmarkets.There have been persistently stronger prices in inter-merchant trading for grade 5C scrap in the past few weeks, with major processors competing for tighter scrapfl...Read More
Fastmarkets' Ferrous Analytics report helps subscribers keep track of hot metal costs and steel production spreads in China, along with key pricing components of the steelmaking raw materials supply chain in Asia.Read More
Iron ore prices surged further on Friday December 4, supported by active long positions in futures markets and steady drawdowns in port inventory, sources told Fastmarkets. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $145.01 per tonne, up $7.93 per tonne 62% Fe low-alumina fines, cfr Qingdao: $144.36 per tonne, up $7.38 per tonne 58% Fe fines high-grade premium, cfr Qingdao: $132.83 pe...Read More
Seaborne coking coal prices fluctuated across the board in the fob market on Friday December 4 due to the latest changes in supply, while the cfr market was flat.Fastmarkets indicesPremium hard coking coal, fob DBCT: $102.62 per tonne, down $0.46 per tonnePremium hard coking coal, cfr Jingtang: $168.78 per tonne, unchangedHard coking coal, fob DBCT: $92.97 per tonne, up $2.17 per tonneHard coking...Read More
China's domestic hot-rolled coil prices rebounded on Friday December 4, motivating overseas buyers to pay higher prices for the Chinese flat steel product.DomesticEastern China (Shanghai): 4,280-4,290 yuan ($654-655) per tonne, up 10 yuan per tonneNorthern China (Tangshan) - weekly assessment: 4,130-4,160 yuan per tonne, up 130 yuan per tonneSpot prices increased again during the day after a sligh...Read More
China's domestic rebar prices dropped further on Friday December 4 for an accumulated decrease of 120 yuan per tonne from a week earlier amid subdued demand.DomesticEastern China (Shanghai): 3,970-4,000 yuan ($609-612) per tonne, down by 40 yuan per tonneNorthern China (Beijing) weekly assessment: 3,700-3,730 yuan per tonne, down by 90-110 yuan per tonneTemperatures fell in China this week, disrup...Read More
An overview of the aerospace materials markets and their latest price moves.Ewa Manthey and Michael Greenfield in London, Susan Zou, Amy Lv...Read More
Key data from the Friday December 4 pricing session in London. Key drivers: Metal prices unchanged in a steadily, but thinly, traded market. Sellers hold firm with offers across the range, dependent on tonnage and shape, and buyers struggle to find weak sellers for nearby units. ...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday December 4.China Seaborne manganese ore prices of both grades rose after miners successfully sold their January shipments at flat offer prices following a rise in the portside ore market and despite high inventories. Portside manganese ore prices of both grades ticked up after traders raised their o...Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Charlotte Radford, Cristina Belda and Declan Conway contributed...Read More
The cobalt hydroxide payable indicator, min 30% Co, cif China, % payable of Fastmarkets' standard-grade cobalt price (low-end) trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed cobalt hydroxide p...Read More
The cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed cobalt standard grade,...Read More
Turkish steel mills continued to make deep-sea scrap purchases at a slow pace at the end of the working week, with prices remaining fairly stable, sources told Fastmarkets.A steel producer in the Marmara region booked a Baltic Sea cargo comprising HMS 1&2 (80:20) at $360 per tonne and bonus at $370 per tonne cfr late on Thursday December 3. The cargo breakdown was not disclosed by the parties.As a...Read More
Optimistic sentiment in the Taiwanese ferrous scrap import market has led to limited offers for cargoes and continued increases over the week to Friday December 4, sources said.Fastmarkets' daily price assessment for containerized cargoes of steel scrap, HMS 1&2 (80:20), US material import, cfr main port Taiwan was $330 per tonne on Friday December 4, narrowing upward by $5 per tonne day on day an...Read More
Key data from Fastmarkets' pricing sessions in China, Europe and the United States in the week ending Friday December 4. China The export price climbed for a fourth consecutive week to reach a two-year high, with liquidity reported after months of muted trading activity in the export market.The domestic spot price stabilized after jumping by 5.4% in the previous week, with...Read More
German steelmaker Thyssenkrupp is conducting a joint feasibility study with energy company STEAG to develop a hydrogen hub to be used in green steel production at its Duisburg site, the company said on Thursday December 3.The study will focus on construction of a water electrolysis plant at the STEAG site in Duisburg-Walsum by Thyssenkrupp Uhde Chlorine Engineers, the structuring of energy supply...Read More
Here are five Fastmarkets stories you might have missed on Thursday December 3 that are worth another look.China's domestic prices for stainless cold-rolled coil dropped slightly over the week ended Wednesday December 2 on reduced demand and a weaker nickel market.The...Read More
Three-month base-metals prices on the London Metal Exchange were mixed at the 5pm close of trading on Thursday December 3, with nickel and aluminium showing drops of more than 1% but tin gaining by nearly $100 per tonne day-on-day.Nickel's price fell to $15,954 per tonne at Thursday's close, down by 0.3% from $16,000 per tonne on Wednesday, which in turn was down by 1.7% from Tuesday's three-month...Read More
Fastmarkets will amend the settlement criteria for its MB-AL-0001 aluminium P1020A (MJP) quarterly premium, cif Japan, $ per tonne.Following the end of a six-week consultation, Fastmarkets has decided to change the criteria for settling the quarterly premium to the following: A minimum total quarterly transaction volume of 30,000 tonnes reported to Fastmarkets MB. Confirmed deals from multipl...Read More
Here are five Fastmarkets stories you might have missed on Thursday December 3 that are worth another look.China's domestic prices for stainless cold-rolled coil dropped slightly over the week ended Wednesday December 2 on reduced demand and a weaker nickel market.The...Read More